The company had posted a net profit of Rs 165.57 crore during the same period of previous fiscal, Bharat Forge said in a regulatory filing. Total income from operations stood at Rs 1,205.37 crore as against Rs 1,089.07 crore in the year-ago period, up 10.67 per cent.

In its recent report, World Bank emphasised on the need for the auto component suppliers to reduce dependence on one customer and develop multiple revenue sources, especially by way of increasing focus on the overseas business.

Domestic automobile production volumes in this quarter witnessed a strong growth of 8.7 percent as compared to the same period previous quarter, on back of buoyant demand for passenger and light commercial vehicles.

With the fresh capex, in other one-and-a-half years time the capacities will be enhanced and definitely our growth will be much better and we are targeting over two-digit growth that is over 10% in next five years.

Dheeraj Hinduja, chairman at India’s second largest truck maker Ashok Leyland, prefers a low profile, but with managing director Vinod Dasari leaving at the end of the month, he says he’s become more “hands-on”.